[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
The COVID-19 crisis could cause a drop of 30-35 percent year-on-year in the sales of Mumbai
properties valued at over Rs 10 crore. Overall, luxury housing units worth Rs 9,000 crore
have been sold in the city since 2019, a report by Zapkey.com has said.
The number of transactions in 2019 was 311 and till October 2020 the number had dropped
to 164. The total value of these property deals fell to Rs 3,318 crore till October 2020 from
Rs 5,919 crore in 2019, according to the online platform that aggregates and organises
publicly available property registration data.
In August 2020, 11 properties valued at over Rs 10 crore were registered to total Rs 213
crore. In September, 16 such properties worth Rs 368 crore were registered while in October,
37 properties worth Rs 696 crore were registered. In August 2019, 18 properties worth
338 crore were registered; in September 2019, 26 properties worth Rs 609 crore were
registered and in October 2019, 21 properties worth Rs 343 were registered, it said.
"Despite COVID-19, the worth of properties registered in October is almost double of last
year," Sandeep Reddy, co-founder at Propstack, told Moneycontrol.
Read more at: https://www.moneycontrol.com/news/business/real-estate/covid-19-impact-sales-of-mumbai-apartments-valued-at-over-rs-10-crore-could-drop-30-35-this-year-6191341.html
Have a nice day